OFG Bancorp Company Profile (NYSE:OFG)

About OFG Bancorp

OFG Bancorp logoOFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services. It operates through three segments: Banking, Wealth Management and Treasury. The Company's main subsidiary Oriental Bank (the Bank), is a full-service Puerto Rico commercial bank with its main office located in San Juan, Puerto Rico. Its Wealth management activities are generated by businesses, such as securities brokerage, trust services, retirement planning, insurance, pension administration and other financial services. Its Treasury activities include the Company's treasury-related functions.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Money Center Banks
  • Sub-Industry: Regional Banks
  • Exchange: NYSE
  • Symbol: OFG
  • CUSIP: 67103X10
Key Metrics:
  • Previous Close: $13.45
  • 50 Day Moving Average: $13.21
  • 200 Day Moving Average: $11.91
  • 52-Week Range: $5.02 - $14.48
  • Trailing P/E Ratio: 13.05
  • Foreward P/E Ratio: 11.90
  • P/E Growth: 1.57
  • Market Cap: $590.66M
  • Outstanding Shares: 43,915,000
  • Beta: 1.53
Profitability:
  • Net Margins: 13.98%
  • Return on Equity: 8.00%
  • Return on Assets: 0.89%
Debt:
  • Debt-to-Equity Ratio: 0.19%
  • Current Ratio: 0.88%
  • Quick Ratio: 0.85%
Additional Links:
Companies Related to OFG Bancorp:

Analyst Ratings

Consensus Ratings for OFG Bancorp (NYSE:OFG) (?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $10.08 (25.03% downside)

Analysts' Ratings History for OFG Bancorp (NYSE:OFG)
Show:
DateFirmActionRatingPrice TargetDetails
7/25/2016Keefe, Bruyette & WoodsBoost Price TargetMarket Perform$10.00 -> $11.00View Rating Details
4/26/2016Piper Jaffray CompaniesReiterated RatingNeutral$7.50 -> $9.50View Rating Details
4/25/2016Merion Capital GroupBoost Price TargetOutperform$6.75 -> $9.75View Rating Details
10/6/2015Jefferies Group LLCLower Price TargetBuy$13.00 -> $12.00View Rating Details
7/27/2015GuggenheimUpgradeNeutral -> BuyView Rating Details
(Data available from 2/23/2015 forward)

Earnings

Earnings History for OFG Bancorp (NYSE:OFG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/20/2017        
1/31/2017Q416$0.26$0.27$79.00 millionViewN/AView Earnings Details
10/21/2016Q316$0.25$0.26$72.66 millionViewListenView Earnings Details
7/22/2016Q2$0.25$0.25$90.20 millionViewListenView Earnings Details
4/22/2016Q116$0.24$0.24$74.95 millionViewListenView Earnings Details
2/1/2016Q415$0.28$0.21$79.26 millionViewN/AView Earnings Details
10/23/2015Q315$0.08$0.03$81.50 millionViewListenView Earnings Details
7/24/2015Q2$0.28($0.15)$729.84 millionViewListenView Earnings Details
4/24/2015Q115$0.39$0.21$95.10 millionViewN/AView Earnings Details
1/30/2015Q414$0.35$0.36$100.00 millionViewN/AView Earnings Details
10/23/2014Q314$0.38$0.34$96.00 millionViewN/AView Earnings Details
7/23/2014Q214$0.38$0.38$96.23 millionViewN/AView Earnings Details
4/29/2014Q114$0.34$0.42$97.97 millionViewN/AView Earnings Details
2/3/2014Q413$0.40$0.35$94.35 millionViewN/AView Earnings Details
10/28/2013Q313$0.40$0.34$93.98 millionViewN/AView Earnings Details
7/22/2013Q2 2013$0.37$0.68$89.16 millionViewN/AView Earnings Details
4/25/2013Q1 2013$0.38$0.37$81.19 millionViewN/AView Earnings Details
2/7/2013Q4 2012$0.12$0.35$36.54 millionViewN/AView Earnings Details
10/24/2012$0.17$0.35ViewN/AView Earnings Details
7/23/2012$0.29$0.34ViewN/AView Earnings Details
4/23/2012$0.19$0.23ViewN/AView Earnings Details
10/25/2011$0.27$0.35ViewN/AView Earnings Details
4/29/2011$0.13$0.04ViewN/AView Earnings Details
2/3/2011$0.28$0.08ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for OFG Bancorp (NYSE:OFG)
Current Year EPS Consensus Estimate: $1.07 EPS
Next Year EPS Consensus Estimate: $1.13 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.26$0.27$0.27
Q2 20162$0.28$0.31$0.30
Q3 20161$0.26$0.26$0.26
Q4 20162$0.26$0.29$0.28
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for OFG Bancorp (NYSE:OFG)
Annual Dividend:$0.24
Dividend Yield:1.78%
Dividend Growth:-9.10% (3 Year Average)
Payout Ratio:23.53% (Based on Trailing 12 Months of Earnings)
22.43% (Based on Current Year Consensus EPS Estimate)
21.24% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

Dividend History for OFG Bancorp (NYSE:OFG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/1/2016quarterly$0.061.76%12/28/201612/30/20161/17/2017
8/25/2016quarterly$0.062.2%9/28/20169/30/201610/17/2016
5/26/2016quarterly$0.062.69%6/28/20166/30/20167/15/2016
2/25/2016quarterly$0.064.55%3/24/20163/29/20164/15/2016
11/19/2015quarterly$0.062.72%12/29/201512/31/20151/15/2016
9/2/2015quarterly$0.104.52%9/28/20159/30/201510/15/2015
5/28/2015quarterly$0.103.01%6/26/20156/30/20157/15/2015
2/27/2015quarterly$0.102.29%3/27/20153/31/20154/15/2015
11/19/2014quarterly$0.102.08%12/29/201412/31/20141/15/2015
8/27/2014quarterly$0.082.02%9/26/20149/30/201410/15/2014
5/28/2014quarterly$0.081.78%6/26/20146/30/20147/15/2014
2/26/2014quarterly$0.081.99%3/26/20143/28/20144/15/2014
12/5/2013quarterly$0.081.9%12/27/201312/31/20131/15/2014
8/29/2013quarterly$0.061.4%9/26/20139/30/201310/15/2013
5/23/2013quarterly$0.061.37%6/26/20136/28/20137/15/2013
2/25/2013quarterly$0.061.57%3/26/20133/28/20134/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for OFG Bancorp (NYSE:OFG)
Insider Ownership Percentage: 2.63%
Institutional Ownership Percentage: 97.46%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/14/2017Radames PenaDirectorSell10,000$13.42$134,200.00View SEC Filing  
2/3/2017Julian InclanDirectorSell5,000$13.38$66,900.00View SEC Filing  
12/27/2016Carlos SouffrontGeneral CounselSell18,702$13.68$255,843.36View SEC Filing  
12/21/2016Jose Rafael FernandezCEOSell32,980$13.86$457,102.80View SEC Filing  
4/1/2016Rafael MartinezDirectorBuy7,000$6.99$48,930.00View SEC Filing  
2/16/2016Radames PenaDirectorBuy5,000$5.55$27,750.00View SEC Filing  
2/11/2016Radames PenaDirectorBuy5,000$4.69$23,450.00View SEC Filing  
2/4/2016Maritza ArizmendiCAOBuy4,000$5.65$22,600.00View SEC Filing  
1/29/2016Pedro MorazzaniDirectorBuy1,370$5.40$7,398.00View SEC Filing  
1/15/2016Pedro MorazzaniDirectorBuy3,000$5.98$17,940.00View SEC Filing  
1/12/2016Ganesh KumarCFOBuy3,734$6.04$22,553.36View SEC Filing  
1/11/2016Julian InclanDirectorBuy5,000$6.20$31,000.00View SEC Filing  
1/7/2016Jose Rafael FernandezCEOBuy3,000$6.82$20,460.00View SEC Filing  
12/16/2015Cesar A. OrtizSVPBuy600$6.54$3,924.00View SEC Filing  
12/11/2015Ganesh KumarCFOBuy5,000$6.73$33,650.00View SEC Filing  
12/11/2015Jorge ColonDirectorBuy6,000$6.74$40,440.00View SEC Filing  
12/9/2015Jose Rafael FernandezCEOBuy5,000$6.64$33,200.00View SEC Filing  
12/7/2015Ganesh KumarCFOSell1,100$18.01$19,811.00View SEC Filing  
9/2/2015Cesar A OrtizSVPBuy1,000$7.75$7,750.00View SEC Filing  
8/27/2015Josen RossiDirectorBuy7,000$6.90$48,300.00View SEC Filing  
3/4/2015Rafael MartinezDirectorBuy1,000$16.95$16,950.00View SEC Filing  
2/24/2015Josen RossiDirectorSell6,829$17.40$118,824.60View SEC Filing  
2/12/2015Josen RossiDirectorSell5,000$17.50$87,500.00View SEC Filing  
6/19/2014Rafael MartinezDirectorBuy1,065$18.85$20,075.25View SEC Filing  
6/18/2014Radames PenaDirectorBuy5,000$18.48$92,400.00View SEC Filing  
6/3/2014Norberto GonzalezEVPSell3,500$18.36$64,260.00View SEC Filing  
5/1/2014Norberto GonzalezEVPSell2,000$17.25$34,500.00View SEC Filing  
4/30/2014Rafael MartinezDirectorBuy2,965$16.85$49,960.25View SEC Filing  
3/13/2014Norberto GonzalezEVPSell4,000$17.05$68,200.00View SEC Filing  
11/1/2013Rafael MartinezDirectorBuy1,000$14.86$14,860.00View SEC Filing  
12/24/2012Julian InclanDirectorBuy5,000$12.93$64,650.00View SEC Filing  
12/12/2012Ganesh KumarCFOBuy2,645$12.37$32,718.65View SEC Filing  
11/30/2012Jose Rafael FernandezCEOBuy3,000$11.72$35,160.00View SEC Filing  
11/23/2012Jose Rafael FernandezCEOBuy5,000$11.64$58,200.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for OFG Bancorp (NYSE:OFG)
DateHeadline
4-traders.com logoOFG Bancorp : Declares Regular Quarterly Preferred Stock Cash Dividends (NYSE:OFG)
www.4-traders.com - February 23 at 9:17 AM
finance.yahoo.com logoOFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend (NYSE:OFG)
finance.yahoo.com - February 23 at 9:17 AM
finance.yahoo.com logoOFG Bancorp Declares Regular Quarterly Preferred Stock Cash Dividends (NYSE:OFG)
finance.yahoo.com - February 23 at 9:17 AM
biz.yahoo.com logoOFG BANCORP Files SEC form 8-K, Termination of a Material Definitive Agreement, Financial Statements and Exhibits (NYSE:OFG)
biz.yahoo.com - February 8 at 7:55 PM
reuters.com logoBRIEF-OFG Bancorp says Oriental Bank entered into a termination agreement with Federal Deposit Insurance Corp (NYSE:OFG)
www.reuters.com - February 8 at 1:07 AM
capitalcube.com logoOFG Bancorp :OFG-US: Earnings Analysis: Q4, 2016 By the Numbers : February 7, 2017 (NYSE:OFG)
www.capitalcube.com - February 7 at 8:05 PM
capitalcube.com logoOFG Bancorp :OFG-US: Earnings Analysis: 2016 By the Numbers : February 2, 2017 (NYSE:OFG)
www.capitalcube.com - February 2 at 7:55 PM
reuters.com logoBRIEF-OFG Bancorp reports Q4 EPS $0.27 (NYSE:OFG)
www.reuters.com - February 1 at 8:07 PM
News IconOFG Bancorp reports $12.1M in 4Q16 net income (NYSE:OFG)
newsismybusiness.com - February 1 at 8:07 PM
biz.yahoo.com logoQ4 2016 OFG Bancorp Earnings Release - Before Market Open (NYSE:OFG)
us.rd.yahoo.com - February 1 at 1:02 AM
finance.yahoo.com logoEdited Transcript of OFG earnings conference call or presentation 31-Jan-17 3:00pm GMT (NYSE:OFG)
finance.yahoo.com - February 1 at 1:02 AM
News IconThe Jennie P. Carlson Sells 20000 Shares of US Bancorp (USB) Stock (NYSE:OFG)
prensariotiretail.com - January 31 at 8:00 PM
News IconOriental Financial Posts 4Q Profit (NYSE:OFG)
caribbeanbusiness.com - January 31 at 8:00 PM
News IconWhat Next for OFG Bancorp (OFG) After Forming Double Top Pattern? (NYSE:OFG)
randolphguide.com - January 31 at 8:00 PM
4-traders.com logoOFG Bancorp : posts 4Q profit (NYSE:OFG)
www.4-traders.com - January 31 at 8:00 PM
businesswire.com logoOFG Bancorp Reports 4Q16 & 2016 Results (NYSE:OFG)
www.businesswire.com - January 31 at 8:00 PM
seekingalpha.com logoOFG Bancorp 2016 Q4 - Results - Earnings Call Slides (NYSE:OFG)
seekingalpha.com - January 31 at 8:00 PM
sg.finance.yahoo.com logoOFG posts 4Q profit (NYSE:OFG)
sg.finance.yahoo.com - January 31 at 8:00 PM
capitalcube.com logoOFG Bancorp breached its 50 day moving average in a Bullish Manner : OFG-US : January 25, 2017 (NYSE:OFG)
www.capitalcube.com - January 25 at 10:51 PM
capitalcube.com logoOFG Bancorp breached its 50 day moving average in a Bearish Manner : OFG-US : January 10, 2017 (NYSE:OFG)
www.capitalcube.com - January 10 at 8:42 AM
nasdaq.com logoEx-Div Reminder for OFG Bancorp's 7.125% Non-cumulative Monthly Income Preferred Stock, Series A (NYSE:OFG)
www.nasdaq.com - January 9 at 7:42 PM
News IconUncle wears suit to meet newborn baby to make good 'first impression' (NYSE:OFG)
seputarkita.info - January 5 at 11:09 PM
News IconNotable Wednesday Option Activity: TRUE, JWN, OFG (NYSE:OFG)
www.stockoptionschannel.com - January 5 at 2:47 AM
marketexclusive.com logoInsider Trading Activity OFG Bancorp (NYSE:OFG) – General Counsel Sold 18,702 shares of Stock (NYSE:OFG)
marketexclusive.com - December 28 at 6:54 PM
thestreet.com logoReminder - OFG Bancorp (OFG) Goes Ex-Dividend Soon (NYSE:OFG)
www.thestreet.com - December 27 at 6:51 PM
nasdaq.com logoOFG Bancorp's Series D Non-Cumulative Perpetual Preferred Stock About To Put More Money In Your Pocket (NYSE:OFG)
www.nasdaq.com - December 27 at 6:51 PM
finance.yahoo.com logoOFG Bancorp to Report 4Q16 Results and Hold Conference … (NYSE:OFG)
finance.yahoo.com - December 20 at 1:15 PM
publicnow.com logoOFG Bancorp to Report 4Q16 Results and Hold Conference Call on Tuesday, January 31, 2017 (NYSE:OFG)
www.publicnow.com - December 20 at 1:15 PM
nasdaq.com logoYieldBoost OFG Bancorp From 1.7% To 16.1% Using Options (NYSE:OFG)
www.nasdaq.com - December 11 at 6:05 PM
seekingalpha.com logoOFG Bancorp declares $0.06 dividend (NYSE:OFG)
seekingalpha.com - December 2 at 6:40 PM
News IconNewly released market study: OFG Bancorp (OFG) - Financial and Strategic SWOT Analysis Review (NYSE:OFG)
reports.pr-inside.com - November 23 at 6:43 PM
nasdaq.com logoNoteworthy Friday Option Activity: OFG, ALXN, SCTY (NYSE:OFG)
www.nasdaq.com - November 5 at 6:32 PM
capitalcube.com logoETF’s with exposure to OFG Bancorp : October 31, 2016 (NYSE:OFG)
www.capitalcube.com - October 31 at 6:27 PM
capitalcube.com logoOFG Bancorp :OFG-US: Earnings Analysis: Q3, 2016 By the Numbers : October 26, 2016 (NYSE:OFG)
www.capitalcube.com - October 26 at 6:39 PM
mysmartrend.com logoShares of PEBO Up 31.0% Since Uptrend Call on Shares (NYSE:OFG)
www.mysmartrend.com - October 25 at 11:44 AM
capitalcube.com logoOFG Bancorp breached its 50 day moving average in a Bullish Manner : OFG-US : October 25, 2016 (NYSE:OFG)
www.capitalcube.com - October 25 at 11:44 AM
News IconOriental CEO ‘pleased’ PROMESA Board is active (NYSE:OFG)
newsismybusiness.com - October 24 at 12:04 PM
finance.yahoo.com logoEdited Transcript of OFG earnings conference call or presentation 21-Oct-16 2:00pm GMT (NYSE:OFG)
finance.yahoo.com - October 22 at 10:38 AM
4-traders.com logoOFG Bancorp : posts 3Q profit (NYSE:OFG)
www.4-traders.com - October 21 at 6:37 PM
seekingalpha.com logoOFG Bancorp 2016 Q3 - Results - Earnings Call Slides (NYSE:OFG)
seekingalpha.com - October 21 at 6:37 PM
businesswire.com logoOFG Bancorp Reports 3Q16 Results (NYSE:OFG)
www.businesswire.com - October 21 at 6:37 PM
News IconOFG Bancorp Posts Net Income of $11.7M in 3Q (NYSE:OFG)
caribbeanbusiness.com - October 21 at 6:37 PM
sg.finance.yahoo.com logoOFG posts 3Q profit (NYSE:OFG)
sg.finance.yahoo.com - October 21 at 10:04 AM
biz.yahoo.com logoOFG BANCORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NYSE:OFG)
biz.yahoo.com - October 21 at 10:04 AM
seekingalpha.com logoOFG Bancorp beats by $0.02 (NYSE:OFG)
seekingalpha.com - October 21 at 7:40 AM
4-traders.com logoOFG Bancorp : quaterly earnings release (NYSE:OFG)
www.4-traders.com - October 18 at 11:51 AM
4-traders.com logoOFG BANCORP : Change in Directors or Principal Officers (form 8-K) (NYSE:OFG)
www.4-traders.com - September 30 at 6:41 PM
biz.yahoo.com logoOFG BANCORP Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:OFG)
biz.yahoo.com - September 30 at 6:41 PM
thestreet.com logoReminder - OFG Bancorp Goes Ex-Dividend Soon (NYSE:OFG)
www.thestreet.com - September 26 at 11:18 AM
publicnow.com logoOFG Bancorp to Report 3Q16 Results and Hold Conference Call on Friday, October 21, 2016 (NYSE:OFG)
www.publicnow.com - September 23 at 11:16 AM

Social

What is OFG Bancorp's stock symbol?

OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG."

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

OFG Bancorp announced a quarterly dividend on Thursday, December 1st. Stockholders of record on Friday, December 30th will be given a dividend of $0.06 per share on Tuesday, January 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Wednesday, December 28th.

Where is OFG Bancorp's stock going? Where will OFG Bancorp's stock price be in 2017?

3 brokerages have issued 12 month price objectives for OFG Bancorp's shares. Their predictions range from $9.50 to $11.00. On average, they anticipate OFG Bancorp's share price to reach $10.08 in the next twelve months.

When will OFG Bancorp announce their earnings?

OFG Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, April, 20th 2017.

Who owns OFG Bancorp stock?

OFG Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.49%), FMR LLC (5.81%), State Street Corp (3.03%), Numeric Investors LLC (2.78%), Russell Investments Group Ltd. (1.80%) and AQR Capital Management LLC (1.02%). Company insiders that own OFG Bancorp stock include Carlos Souffront, Cesar A Ortiz, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Josen Rossi, Julian Inclan, Maritza Arizmendi, Pedro Morazzani, Radames Pena and Rafael Martinez.

Who sold OFG Bancorp stock? Who is selling OFG Bancorp stock?

OFG Bancorp's stock was sold by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, Oxford Asset Management, Guggenheim Capital LLC, Dimensional Fund Advisors LP, Metropolitan Life Insurance Co. NY and Envestnet Asset Management Inc.. Company insiders that have sold OFG Bancorp stock in the last year include Carlos Souffront, Jose Rafael Fernandez, Julian Inclan and Radames Pena.

Who bought OFG Bancorp stock? Who is buying OFG Bancorp stock?

OFG Bancorp's stock was purchased by a variety of institutional investors in the last quarter, including Numeric Investors LLC, Russell Investments Group Ltd., Renaissance Technologies LLC, AQR Capital Management LLC, Two Sigma Investments LP, A.R.T. Advisors LLC, State Street Corp and Tudor Investment Corp Et Al. Company insiders that have bought OFG Bancorp stock in the last two years include Cesar A Ortiz, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Josen Rossi, Julian Inclan, Maritza Arizmendi, Pedro Morazzani, Radames Pena and Rafael Martinez.

How do I buy OFG Bancorp stock?

Shares of OFG Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of OFG Bancorp stock cost?

One share of OFG Bancorp stock can currently be purchased for approximately $13.45.

OFG Bancorp (NYSE:OFG) Chart for Thursday, February, 23, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for OFG Bancorp (NYSE:OFG)

Earnings History Chart

Earnings by Quarter for OFG Bancorp (NYSE:OFG)

Dividend History Chart

Dividend Payments by Quarter for OFG Bancorp (NYSE:OFG)

Last Updated on 2/23/2017 by MarketBeat.com Staff